A Modern Makeover

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The couple bought the 1,200-square-foot unit in March 2008 for HK$7.8 million and spent about six months renovating it, knocking down walls to create a airy, light-filled space. It is now on the market for HK$14 million.

The couple bought the 1,200-square-foot unit in March 2008 for HK$7.8 million and spent about six months renovating it, knocking down walls to create a airy, light-filled space. It is now on the market for HK$14 million.

Average home prices in Happy Valley and east Mid-Levels are about HK$12,800 a square foot, according to Centadata, a local property transactions database. This flat's asking price comes to HK$11,000 a square foot. Flats in new buildings nearby can go for up to HK$20,000 per square foot, said Chris Chan, an agent at Okay.com who is representing the property.

Average home prices in Happy Valley and east Mid-Levels are about HK$12,800 a square foot, according to Centadata, a local property transactions database. This flat's asking price comes to HK$11,000 a square foot. Flats in new buildings nearby can go for up to HK$20,000 per square foot, said Chris Chan, an agent at Okay.com who is representing the property.

The owners wanted an open kitchen that would allow them to cook and entertain guests at the same time. The kitchen has a high-end six-burner stove and an extra-large refrigerator. A large slate tabletop doubles as a bar.

The owners wanted an open kitchen that would allow them to cook and entertain guests at the same time. The kitchen has a high-end six-burner stove and an extra-large refrigerator. A large slate tabletop doubles as a bar.

The flat is in a 31-year-old low-rise. There are four units per floor and 16 units in the building. Low-rises in Hong Kong tend to be older and generally cost less per square foot than newer high-rises.

The flat is in a 31-year-old low-rise. There are four units per floor and 16 units in the building. Low-rises in Hong Kong tend to be older and generally cost less per square foot than newer high-rises.

The sliding doors to the master bathroom can be pushed aside to completely open up the space. The couple installed a rain shower and custom-made bathtub. Each of the two bedrooms includes a bathroom. The unit also comes with a parking space in the building's garage.

The sliding doors to the master bathroom can be pushed aside to completely open up the space. The couple installed a rain shower and custom-made bathtub. Each of the two bedrooms includes a bathroom. The unit also comes with a parking space in the building's garage.

Happy Valley is a mainly residential area in Hong Kong, but it also boasts the popular Happy Valley Racecourse. The neighborhood includes a mix of low-rise, older residential buildings and newer high-rises, such as Highcliff and the Summit.

Happy Valley is a mainly residential area in Hong Kong, but it also boasts the popular Happy Valley Racecourse. The neighborhood includes a mix of low-rise, older residential buildings and newer high-rises, such as Highcliff and the Summit.